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Mortgage Professor about land loan: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What Is the Down Payment?
January 21, 2002 "My understanding is that if a home buyer puts 20% down, he doesn?t have to purchase mortgage insurance. I put 20% down -- $48,000 on a $240,000 home purchase ? but I?m told that I do have to buy mortgage insurance because I elected to finance $6,000 in ... more... Manufactured Housing: A Messy Picture May 19, 2003, Revised February 14, 2005 What Is a Manufactured House? A manufactured home is built entirely in a factory, transported to a site, and installed there. It is distinguished from "modular", "panelized", and "pre-cut" homes, ... more... |
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land loan related definitions |
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Mortgage Lender
Mortgage Lender A company that lends money on the security of land, houses, and real estate. A mortgage lender is the institution that provides the money to the borrower at closing. The borrower in turn, will sign a note provided by the lender stating their debt, their obligation ... more... Accretion Accretion The addition to land through natural forces like wind or water. Example : deposit of soil carried by a river . ... more... |
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More about land loan How to Finance and Build Your Dream Home Homes With Acreage-Ann Arbor Real Estate Glossary of Common Terms Used During the Mortgage Process Mortgage Info You Can Actually Understand! Guide to Mortgage Terms Buying Country Acreage and Rural Properties, To Buy or Not To Buy Title Insurance Protects Your Financial Investment What is a Commercial Mortgage? Why Buy Mobile Homes? Why Mobile Homes?
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